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eyeSight Mobile Technologies. This is the first investment in Israel announced by the Kuang-Chi GCI Fund & Incubator, a newly established Chinese fund combining investments in early to mid-stage Israeli and global companies incubated by Kuang-Chi. The fund has an initial mandate of $50 million, which is planned to grow to $300 million within the next three years, the company said. “GCI refers to the Global Community of Innovation initiated by Kuang-Chi,” the company says. “It brings together innovators from all over the world and turns science fiction and human dreams into reality by delivering “the future” to the world. Kuang-Chi will make its full corporate resources, from sales and marketing to technology collaboration and joint development, available to the companies in which it invests.” “Israel has unparalleled capabilities to offer the world,” said Kuang-Chi’s chairman, Dr. Ruopeng Liu. “You share with Kuang-Chi a special mindset and vision. We intend to invest in the best local companies in the fields of biometrics, communications, robotics, and AR, and to take them to the next level commercially and technologically.” EyeSight is headquartered in Herzliya, Israel, with global offices in Cupertino, Calif., Tokyo, Hong Kong, and Korea. The company is led by world-class image processing professionals, with extensive experience in research, implementation, and optimization of real time algorithms for embedded platforms. Founded in 2005 by CTO Itay Katz, eyeSight had previously raised $10.9 million from CEVA, MaC Fund Korea-Israel, Mitsui, Intercapital, and angel investors. The company delivers simple and natural user interactions with a multitude of devices including smartphones, tablets, PCs, TVs, wearable glasses and other digital devices, allowing touch-free device control with the swipe of a hand or point of a finger. EyeSight’s software can be easily integrated at any level of the device: chipset, operating system, camera module, or application level. Its technology has been chosen by OPPO, Lenovo, Toshiba, Hisense, Phillips and more tier 1 companies around the globe. EyeSight has partnerships with AMD, ARM, Omnivision, and other key industry players. EyeSight’s chairman is Prof. Eli Talmor, Ph.D., who previously served as a partner at Sum International Holdings Ltd. He was responsible for deal sourcing and due diligence and has a vast experience in new ventures and turnarounds. He is the chairman of the Accounting department at London Business School, also served on its Board of Governors, and is a professor of Finance at the University of California, Irvine. He served as chairman of Foursquare Group SA, is actively involved in the company’s strategic direction, and has been a board member at numerous other organizations. Founder of Private Equity at LBS, Prof. Talmor is co-author of International Private Equity, which is widely considered to be the leading reference book on the private equity industry. Prof. Talmor served a three-year term on the nomination committee for the Nobel Prize in Economic Sciences by the Royal Swedish Academy of Sciences and has won numerous awards. He taught at Tel Aviv University, UCLA, the Wharton School (University of Pennsylvania), and the University of Wisconsin at Madison. He holds a Ph.D. in Business Administration from the University of North Carolina at Chapel Hill and a B.Sc. degree, cum laude from Technion, Israel Institute of Technology. Kuang-Chi was founded in 2010 by five distinguished Chinese scientists who returned to China after earning advanced degrees at Duke, Oxford, and Cambridge universities. Now Kuang-Chi is a global innovation group with operations from China to North America, Europe, Africa and Oceania. Kuang-chi has applied for more than 3,000 patents worldwide in the areas of metamaterials, photonics, satellite technology, aviation, and robotics in the past five years alone, the company says. Among its holdings, the group is a main shareholder of KuangChi Science Limited (00439.HK), Solar Ship Inc., Martin Aircraft Company (ASX:MJP), biometrics pioneer Zwipe, and communications group HyalRoute. Acting through public companies, private holdings and research institutes, the group’s value exceeds $10 billion, it says. Kuang-Chi’s longtime partner in Israel, Indigo Global, will represent and manage the GCI Fund & Incubator’s activity, the company said. “Kuang-Chi is one of the most important technology companies in the world today, combining the best of the Shenzhen tech ecosystem with China’s scale and development vision. Dr. Liu and his team have developed a unique and successful model to partner with leading innovators in a range of fields, which affords enormous resources to the companies in which they invest,” said Dorian Barak, managing partner of Indigo Global. “We at Indigo are very excited to manage the platform in Israel with a view to expanding the model globally,” he added. Prior to becoming a co-founder and managing partner at Indigo Strategic Partners LP, Dorian Barak served as managing director and Head of International Mergers and Acquisitions and Corporate Development at Bank Hapoalim and Head of Finance, Strategy and Operations for the bank’s global operations. He served as an M&A and Corporate Finance attorney at Skadden, Arps, Slate and Meagher & Flom. He previously served as a consultant at the Boston Consulting Group. He is a private equity investor and asset manager focused on Africa, the Middle East, and Europe. He has been a director of Agent Video Intelligence Inc. and NowForce Limited since 2012. He served as a non-executive director of Reorient Group Ltd from 2014 to 2015. He served in the IDF’s Givati Infantry Brigade. He holds a J.D. from Yale Law School, an M.A. in Arts from Oxford University, where he studied as a Marshall Scholar, and B.A. in Business Administration from the University of California, Los Angeles.]]>